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RTX (BUE:RTX) Cyclically Adjusted FCF per Share : ARS77.60 (As of Mar. 2024)


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What is RTX Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

RTX's adjusted free cash flow per share for the three months ended in Mar. 2024 was ARS-907.201. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ARS77.60 for the trailing ten years ended in Mar. 2024.

During the past 12 months, RTX's average Cyclically Adjusted FCF Growth Rate was -4.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -1.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -0.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of RTX was 23.20% per year. The lowest was -3.00% per year. And the median was 9.50% per year.

As of today (2024-04-28), RTX's current stock price is ARS1600.00. RTX's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ARS77.60. RTX's Cyclically Adjusted Price-to-FCF of today is 20.62.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of RTX was 21.50. The lowest was 9.21. And the median was 14.92.


RTX Cyclically Adjusted FCF per Share Historical Data

The historical data trend for RTX's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RTX Cyclically Adjusted FCF per Share Chart

RTX Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 133.52 112.77 91.66 79.59 92.61

RTX Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 81.04 78.56 108.49 92.61 77.60

Competitive Comparison of RTX's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, RTX's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RTX's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, RTX's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where RTX's Cyclically Adjusted Price-to-FCF falls into.



RTX Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, RTX's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-907.201/129.4194*129.4194
=-907.201

Current CPI (Mar. 2024) = 129.4194.

RTX Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 51.964 100.560 66.877
201409 67.907 100.428 87.510
201412 76.145 99.070 99.472
201503 41.699 99.621 54.172
201506 55.782 100.684 71.702
201509 22.470 100.392 28.967
201512 146.140 99.792 189.527
201603 -159.251 100.470 -205.137
201606 92.908 101.688 118.245
201609 129.391 101.861 164.398
201612 103.463 101.863 131.453
201703 54.477 102.862 68.542
201706 165.872 103.349 207.714
201709 -62.325 104.136 -77.457
201712 195.089 104.011 242.746
201803 4.783 105.290 5.879
201806 253.736 106.317 308.873
201809 281.798 106.507 342.421
201812 351.278 105.998 428.897
201903 238.437 107.251 287.722
201906 443.065 108.070 530.596
201909 633.302 108.329 756.596
201912 670.203 108.420 800.011
202003 92.122 108.902 109.479
202006 -106.021 108.767 -126.152
202009 287.066 109.815 338.314
202012 183.707 109.897 216.342
202103 88.944 111.754 103.003
202106 287.601 114.631 324.703
202109 460.363 115.734 514.799
202112 670.463 117.630 737.663
202203 -16.128 121.301 -17.207
202206 281.519 125.017 291.433
202209 64.342 125.227 66.496
202212 2,045.537 125.222 2,114.106
202303 -1,029.828 127.348 -1,046.580
202306 26.963 128.729 27.108
202309 3,057.018 129.860 3,046.658
202312 4,957.404 129.419 4,957.404
202403 -907.201 129.419 -907.201

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


RTX  (BUE:RTX) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

RTX's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1600.00/77.6
=20.62

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of RTX was 21.50. The lowest was 9.21. And the median was 14.92.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


RTX Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of RTX's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


RTX (BUE:RTX) Business Description

Industry
Address
1000 Wilson Boulevard, Arlington, VA, USA, 22209
RTX is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace manufacturers and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, an aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.